Former Connecticut Treasurer Released To Halfway House
Published on 2/3/2005
Hartford — Former state Treasurer Paul Silvester has been moved from a federal prison camp in Florida to a New England halfway house to complete his sentence for running a kickback scheme out of the treasurer's office. Silvester is scheduled for release July 23, 2005, according to the Bureau of Prisons Web site. Silvester, a Republican appointed treasurer by former Gov. John G. Rowland, cooperated in two government corruption investigations. He was sentenced by U.S. District Judge Alfred V. Covello in November 2003 to four years and three months in prison. Last year, prosecutors returned to court to ask that Silvester's sentence be reduced in light of his cooperation. Silvester was convicted for his role in a scandal that steered millions of dollars in questionable investment fees to himself and his political associates. According to evidence presented in court, Silvester made several investments from the then-$20 billion state employee pension fund that resulted in huge payments to politically connected people who did little or nothing to earn the money.
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